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Negotiations on RCEP to be held in S. Korea this week
Last Updated: 2017-10-23 16:26 | Xinhua
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Negotiations on the Regional Comprehensive Economic Partnership (RCEP) will be held in South Korea this week, Seoul's trade ministry said Monday.

The 20th round of official negotiations on the regional free trade agreement will run from Tuesday to Saturday in the country's western port city of Incheon, according to the Ministry of Trade, Industry and Energy.

The RCEP is a multilateral free trade pact involving the 10-member Association of Southeast Asian Nations (ASEAN) and six other countries - China, India, Japan, South Korea, Australia and New Zealand.

It would be the last official negotiation this year, bringing together about 800 delegates from the 16 countries, the ministry said.

South Korea hosted the 10th round of negotiations in the country's southeast port city of Busan in October 2015.

The negotiations for the RCEP, launched in November 2012, have advanced in areas including liberalization of goods and services and the rules on country of origin.

During the upcoming meeting, the delegates will seek to reach an agreement on improved liberalization on goods, services and investment and the scale and standard for market opening, according to the ministry.

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